Welcome to Deep Yellow

Deep Yellow Limited (DYL) is an Australian-based pure uranium Company with extensive operations in the southern African nation of Namibia and in Australia.

DYL’s principal exploration and development activity is in Namibia through its 100% owned subsidiary Reptile Uranium Namibia P/L (RUN) with a focus on the Omahola Project Pre-Feasibility Study with concurrent resource drill-outs on the mid to high grade INCA primary uraniferous magnetite deposit and in the secondary uranium mineralisation Tumas-Oryx-Tubas palaeochannel fluviatile sheetwash systems.

JORC Code resources in Namibia currently total 37,853 tonnes – 83.4 million pounds U3O8.

In Australia the Company is focused on JORC Code resource drilling programmes in the Mount Isa district. Initial results from the 2009 drill programme delineated 1,540 tonnes – 3.4 million pounds of U3O8. Resource drill programmes will continue in the 2010 field season and there will be a dual focus on development of new grassroots targets with potential for significant upside.

DYL’s 100% owned Napperby uranium deposit in the Northern Territory contains a total of 3,351 tonnes – 7.4 million pounds U3O8.

JORC Code resources in Australia totals 4,891 tonnes – 10.8 million pounds U3O8.

A pipeline of other projects and discoveries in both countries are continually being examined and there is extensive exploration potential for new, additional uranium discoveries in both Namibia and Australia.

Nuclear energy (and uranium as fuel) is rapidly gaining ground as an alternate base load source of electricity as the effects of fossil fuel burning and its contribution to global warming is being recognised. This realisation and looming shortages of uranium bodes well for the future of uranium and its price. DYL is setting itself up to be a supplier of this strategic metal through aggressive and successful exploration and project acquisition programmes.

The Board approved a 2009-2010 exploration budget of $20 million. Expenditure levels will approximate $2 million per month through to June as a result of the intensive drill programmes underway.

Corporate

Market Capitalisation ~ $197 M (at 17.5 cents) (30 August 2010)
Well-funded with ~ $29.5M in cash and liquid assets (30 June 2010)

Namibia - Exploration

Exploration in Namibia is carried out by Reptile Uranium Namibia (Pty) LTD (Reptile) a wholly owned subsidiary of Deep Yellow Limited (DYL).

Namibia - Development

The Omahola Project comprises the INCA uranium and iron and Tubas Red Sand (TRS) uranium deposits.

Queensland Review

DYL’s Mt Isa District tenement holdings cover ground that is held 100% and tenements subject to the Isa West JV with Xstrata and the Leichhardt JV with Universal Resources.